Multiple Choice
Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. The total of its variable cost is $150 000. Fixed costs were $180 000. What is Terrific's contribution rate?
A) 62.1%
B) 16.7%
C) 20%
D) 60%
E) 68.4%
Correct Answer:
Verified
Correct Answer:
Verified
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